Investment firm Monarch Private Capital, in collaboration with Elawan Energy, a global player in the renewable energy sector, has announced the completion of two solar projects in Texas in the fourth quarter of 2023. Located in Hill and Bosque counties, the Pitts Dudik and Dileo projects have capacities of 60.26 MWdc and 86.67 MWdc respectively, totalling around 147 MWdc.
Strategic impact and collaboration
Bryan Didier, Partner and Managing Director of Renewable Energy at Monarch, emphasized the strategic location of the projects, highlighting their role in accelerating the transition to sustainable resources. The projects are expected to reduce CO2e emissions by 4,688,232 MT over the next 40 years, equivalent to the greenhouse gas emissions of more than a million gasoline-powered vehicles driven for a year.
Community benefits
These projects are not only significant for their clean energy production, but also for stimulating economic growth, creating jobs and fostering innovation in local Texas communities. They are expected to create almost 600 jobs, making a significant contribution to the local economy.
Gonzalo Rodriguez Tortosa, Business Development Manager and Director of Operations at Elawan Energy North America, expressed his satisfaction at the completion of these projects in partnership with Monarch, bringing clean, renewable energy to Hill and Bosque counties. He also thanked the counties for their ongoing support and emphasized the positive impact of the projects on local communities, both economically and in terms of reducing greenhouse gas emissions.
